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Disney fairytales are hot these days! The Little Mermaid will join Snow White as Hollywood's next property for studios to competively adapt to SEVERAL different live-action versions.

So what's next?

Sleeping Beauty? Aladdin? The Big Green? Ha!

Shana Feste, the writer and director of Country Strong, is working with Sony Pictures on an adaptation of Carolyn Turgeon's Mermaid: A Twist on the Classic Tale.

She's not a alone! Joe Wright, the director of Atonement and Hanna, is ALSO developing a live-action feature based on Hans Christian Andersen's version of the fairytale.

The official synopsis for Shana Feste's mermaid flick reads as follows:

"When Lenia, a young mermaid princess, rescues a man from a shipwreck and carries him to shore, her selfless act is witnessed by Princess Margrethe, who is staying in a convent nearby for protection from the war her father is fighting against another kingdom. The shipwrecked young man’s name is Christopher, and in the weeks that he’s nursed back to health at the convent, he and Margrethe fall in love—but it’s not until after he leaves that Margrethe discovers he’s the prince from the kingdom her family is at war with.

Meanwhile, in the sea Lenia is suffering; she fell in love with Christopher in the moments she carried him to shore, so she makes a deal with the sea witch: in exchange for her voice and tongue she receives a potion that changes her into human form. Margrethe comes up with a plan of her own: she’ll be offered in marriage to Christopher, thus uniting the kingdoms and putting an end to the years of conflict between the two lands. But when Margrethe arrives, ready to win and wed her prince, she finds him enraptured with a beautiful woman who looks very familiar. Margrethe is sure she’s seen her before…"

Mermaid vs. mermaid? That could be inneresting!

We can't wait to hear more details about Joe Wright's version so we can make an informed decision about which one we're more excited to see!

Do U think two Little Mermaid adaptations are better than one or should Hollywood try to be a little more original?

In the movie, Gwyneth plays a country singer who's a strugglng addict. Feste said when writing for the character, she used Britney's public meltdown as inspiration to show how the media lifts bright, young, talented stars only to bring them down and destroy them.

Feste continued:

"That's where this movie came from. I mean, I was seeing what was happening in the media to Britney Spears. I finished the script when Michael Jackson passed away. I think it's tragic how we treat people who give us so much, and we love to see them knocked down to build them back up again, to knock them down again. It's a weird fascination."

We wonder if Gwyneth used the same inspiration when preparing for the role.

Zayn previewed the duet by posting a black and white pic of himself with Swifty on his Instagram -- but hey, she is bestiez with his girlfriend Gigi Hadid, so it wouldn't be unusual that they hang out... But collab?!